HFZ, Fortress Investment Closes On Residential Properties For $610

(RTTNews) - Ziel Feldman, Founder & Managing Principal of HFZ Capital Group, the real estate investment, said Friday that together with its partner, Fortress Investment Group (FIG), the company has closed on a portfolio of four residential properties in Manhattan for $610 million.

"This acquisition enables us to diversify our portfolio with different types of product and in new and expanding areas of the City," said Feldman.

Howard Michaels, Chairman of Carlton Group, acted as financial advisor to HFZ in this transaction. Deutsche Bank Securities, Inc. provided financing for this transaction.